Indorient Financial Services: IPO Track Record
Before 2025, all 7 of its IPOs opened above the issue price (median 30.36%). Since 2025, 3 of 9 have, at a median of −0.09%.
Listed IPOs
16
1 mainboard, 15 SME
Amount raised
INR 1,237.85 crore
2022 to 2026
Median gain at open
+2.67%
listing day, vs issue price
Median gain at close
+0.80%
listing day, vs issue price
Opened above issue price
62.50%
share of listings
Closed below issue price
43.75%
on listing day
Median subscription
5.95x
total, final day
Vs same-year IPOs
-1.35
percentage points; median gap at open
Best listing: Yash HighVoltage (+90% at open, 19 December 2024). Weakest: Digilogic Systems (-20% at open, 28 January 2026).
An IPO with several lead managers counts towards each of them.
Mainboard vs SME
| Segment | IPOs | Median gain at open | Median gain at close | Opened above issue | Closed below issue | Median subscription |
|---|---|---|---|---|---|---|
| Mainboard | 1 | +5.47% | +0.74% | 100% | 0% | 2.72x |
| SME | 15 | +1.16% | +0.86% | 60% | 46.67% | 6.44x |
Year by Year
| Year | IPOs | Median gain at open | Median gain at close | Opened above issue | Median subscription |
|---|---|---|---|---|---|
| 2026 | 4 | -0.25% | -5.23% | 25% | 1.71x |
| 2025 | 5 | -0.09% | -5.09% | 40% | 2.30x |
| 2024 | 2 | +60.18% | +68.19% | 100% | 100.63x |
| 2023 | 4 | +31.54% | +25% | 100% | 10.66x |
| 2022 | 1 | +5.47% | +0.74% | 100% | 2.72x |
All 16 IPOs Managed
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| Green Asia Impex | 7 October 2026 | SME (NSE) | 89 | 59.34 | 1.03x | 89 | 84.55 | 0% | -5% |
| Liqvd Digital | 30 September 2026 | SME (BSE) | 54 | 39.01 | 5.46x | 53.73 | 51.05 | -0.50% | -5.46% |
| Om Galaxy | 18 September 2026 | SME (BSE) | 90 | 105 | 2.15x | 90.20 | 90.77 | +0.22% | +0.86% |
| Digilogic Systems | 28 January 2026 | SME (BSE) | 104 | 81 | 1.26x | 83.20 | 79.05 | -20% | -23.99% |
| Prime Cable Industries | 29 September 2025 | SME (NSE) | 83 | 40.04 | 8.35x | 81 | 78.30 | -2.41% | -5.66% |
| Aakaar Medical Technologies | 27 June 2025 | SME (NSE) | 72 | 27 | 2.30x | 75 | 71.25 | +4.17% | -1.04% |
| ATC Energies | 2 April 2025 | SME (NSE) | 118 | 63.76 | 1.68x | 107 | 101.65 | -9.32% | -13.86% |
| Grand Continent Hotels | 27 March 2025 | SME (NSE) | 113 | 74.46 | 1.87x | 112.90 | 107.25 | -0.09% | -5.09% |
| EMA Partners | 24 January 2025 | SME (NSE) | 124 | 76.01 | 221.14x | 156.50 | 148.70 | +26.21% | +19.92% |
| Yash HighVoltage | 19 December 2024 | SME (BSE) | 146 | 110.01 | 181.90x | 277.40 | 291.25 | +90% | +99.49% |
| Chatha Foods | 27 March 2024 | SME (BSE) | 56 | 33.39 | 19.36x | 73 | 76.65 | +30.36% | +36.88% |
| Plada Infotech | 13 October 2023 | SME (NSE) | 48 | 12.36 | 54x | 59 | 56.05 | +22.92% | +16.77% |
| Canarys Automations | 11 October 2023 | SME (NSE) | 31 | 47.03 | 8.95x | 43.45 | 41.30 | +40.16% | +33.23% |
| NewJaisa Technologies | 5 October 2023 | SME (NSE) | 47 | 39.93 | 6.44x | 71 | 70.80 | +51.06% | +50.64% |
| Techknowgreen Solutions | 27 September 2023 | SME (BSE) | 86 | 16.72 | 12.37x | 87 | 91.35 | +1.16% | +6.22% |
| eMudhra | 1 June 2022 | Mainboard | 256 | 412.79 | 2.72x | 270 | 257.90 | +5.47% | +0.74% |